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It’s time to file your income tax return! Here is a checklist of the main amounts, credits and deductions offered by the two levels of government, and some other information.Access the checklist
Certain measures have been improved over the past year, to the satisfaction of Réseau FADOQ, which was advocating for this.
Since the implementation of this tax measure, Réseau FADOQ has been pressing the Quebec government to increase the amounts granted. Now, as a result of the December 2022 budget update, the amounts associated with this tax measure have been increased.
For 2022, a single person will receive the maximum amount available of $2,000 up to a family income of $24,195, while a couple of seniors aged 70 or older will receive the maximum of $4,000 up to a family income of $39,350.
The Réseau FADOQ requested that the reimbursement of eligible expenses through this tax credit be increased from 35% to 40%. As a result, beginning with the 2022 tax year, the tax credit rate will increase by 1% per year until 2026, when it will be 40%.
The shelter allowance program is for low-income individuals and families who spend too much of their budget on housing. It is open to homeowners, tenants and boarders. For the period from October 1, 2022, to September 30, 2023, the program provides $100, $150 or $170 in financial assistance per month.
In addition, you must consider as income all amounts received as severance pay and lump sum payments when you withdraw money from a pension plan.
If you don’t know whether you are taking advantage of all the tax benefits you are entitled to, consult a professional or use the Volunteer Income Tax Assistance Service, offered free of charge by some community organizations. For more information, contact the volunteer action centre nearest you.
Find your nearest volunteer action centre (only in french)
Many regional and local branches of the financial and consumer education group known as ACEF (Associations coopératives d’économie familiale) organize tax clinics for seniors.
Find the ACEF nearest you (only in french)
If you do not qualify for this service, don’t hesitate to contact a professional.
Réseau FADOQ also offers a discount on the UFile tax program.
Find out more about this discount
Updated article and info sheet: February 2023.
Source : Réseau FADOQ